BPCL and Sembcorp Green Hydrogen India have signed a joint venture agreement to advance renewable energy and green hydrogen initiatives in India. The strategic partnership aims to support India's energy transition and climate goals by developing scalable clean energy solutions. Beyond green hydrogen, the JV will explore opportunities in green ammonia production, bunkering solutions, and emissions reduction in port operations. By combining BPCL's infrastructure and petroleum sector expertise with Sembcorp's renewables experience, the partnership plans to develop projects aligning with India's decarbonisation objectives. The leaders emphasize long-term sustainability goals, with BPCL targeting a 10GW renewable energy portfolio to become a Net Zero Energy Company by 2040. Sembcorp, with 6GW of renewable assets in India, aims to leverage its capacity for large-scale green hydrogen production. The JV agreement is seen positively, with no expected material impact on Sembcorp's financials. Both companies are committed to delivering low-cost, scalable solutions for a greener future in India.